The following book and fair values were available for Beech Company as of June 1: Alder Company pays $3,860,000 cash and issues 29,500 shares of its $2 par value common stock (fair value of $50 per of Beech's common stock in a merger, after which Beech will cease to exist as a separate entity. Stock issue costs amou and Alder pays $50,000 for legal fees to complete the transaction. Required: Prepare Alder's journal entries to record its acquisition of Beech. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field 
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